I have wondered about why we have inflation in our modern world to deal with. I am no historian but I believe that there was no inflation in the middle ages. It seems to me that inflation arose along with the advent of modern central banks and the rise of fiat money. If inflation is an unavoidable part of fiat money then maybe this form of currency is a failure.

So what do you guys think we can do to combat inflation?

This post was edited by JessiWan on Aug 2 2023 03:57pm

I think Silk in Europe became very expensive when there is a war or conflict between the Chinese and the Persians or whatever Central Asia and Middle Sort of countries and empires during the middle ages. When the trade routes are safe, the silk not so expensive.
When trade route is safe and regular supply of silk is common it cost maybe 1 pound of silk = lets say 10 USD

When trade route is compromised and alot of shitty bandits on the way it might cost lets say 1 pound of silk = 100 USD

so.........

This post was edited by Hamsterbaby on Aug 2 2023 04:03pm

That's not inflation though. It's just scarcity caused by a reduction in supply.

hmm you are right let me think.....

What about this



Ancient China

Song dynasty China introduced the practice of printing paper money to create fiat currency. During the Mongol Yuan dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation.
Fearing the inflation that plagued the Yuan dynasty, the Ming dynasty initially rejected the use of paper money, and reverted to using copper coins.


Medieval Egypt
During the Malian king Mansa Musa's hajj to Mecca in 1324, he was reportedly accompanied by a camel train that included thousands of people and nearly a hundred camels. When he passed through Cairo, he spent or gave away so much gold that it depressed its price in Egypt for over a decade,[

For the record,. the USA national dept can NEVER be paid off.
taxes go to the private federal reserve.


Enjoy paying VOLUNTARY INCOME TAX.

It boggles my mind that the federal reserve is privately owned and Americans don't find anything wrong with this.

1835 was the only time . Andrew Jackson.......long long time ago...



Who owns and control the Fed or is it too sensitive to talk about.

This post was edited by Hamsterbaby on Aug 2 2023 04:13pm

you cant do chit if the people that make the money keep making the money and it aint bogus dude bogus dude only simps for money

- Legendary economist Milton Friedman

Inflation is very easy to understand - when there is more money in circulation (money is printed or digitally created), money is now worth less.

There are many examples of inflation happening through history, and every single time its because more money was minted.

uh-oh I triggered the leftist chinese operatives,.. LOOOOOOOOOOOOOOOOOOOOOOOOOOOOL

Edit- You're not getting paid bitch,. suck it,. luuul

This post was edited by Mondain on Aug 2 2023 04:14pm